August 14th, news:
I. Price Trends
According to the commodity market analysis system, on August 14, the average price of caprolactam-grade ammonium sulfate in China was 1,136 CNY per ton, a decrease of 2.57% from the average price of 1,166 CNY per ton on August 10.
2. Market Analysis
Supply and Demand Situation
This week, the market price trend for ammonium sulfate in China has been weak and declining. The facility utilization rate has seen minor adjustments, with stable supply in the ammonium sulfate market. The urea market has weakened this week, negatively impacting the ammonium sulfate market in China. Currently, the demand for ammonium sulfate in China is limited, with reduced downstream demand and weaker purchasing intentions. Additionally, the international market is weak, with poor export conditions, leading to a cautious sentiment in the ammonium sulfate market.
Market Conditions
As of August 14, for coking-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 940-990 CNY per ton. For caprolactam-grade ammonium sulfate, the mainstream ex-factory quotation in Shandong region of China is around 1100-1170 CNY per ton.
3. Future Market Forecast
Ammonium sulfate analysts believe that the recent market trend for ammonium sulfate in China is mainly downward. Currently, the demand for ammonium sulfate in China is limited, and the downstream purchasing capacity is poor, leading to a weaker market transaction atmosphere. It is expected that in the short term, the price of ammonium sulfate in China will mainly operate on the stronger side.
